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Author Question: Which of the following is NOT a form of outsourcing? A) hiring an accountant to do your taxes B) ... (Read 81 times)

FButt

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on: Jul 1, 2018
Which of the following is NOT a form of outsourcing?
 
  A) hiring an accountant to do your taxes
  B) replacing the windshield wipers on your car
  C) paying your son to mow the lawn
  D) taking a taxi to the airport

Question 2

Explain how continuing technical progress may cause the price of scarce, exhaustible resources to fall over time.
 
  What will be an ideal response?


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IAPPLET

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

Technical progress can lower the extraction cost of exhaustible resources. This decrease in extraction costs can offset the increase in price due to the positive interest rate. This may result in lower resource prices over time.


FButt

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Reply #2 on: Jul 1, 2018
Correct answers!


IAPPLET

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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